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HomeNews5 Reasons Why Dubai Will be the Future Metaverse Hub -Breaking

5 Reasons Why Dubai Will be the Future Metaverse Hub -Breaking

5 Reasons Why Dubai Will be the Future Metaverse HubDubai will be the future metaverse hub for five reasons

  • UAE seems to be the frontrunner in metaverse racing.
  • Recent investments of $100 million by Damac in the metaverse have allowed Damac to enter this space.
  • Dubai-based brokerage is also planning to sell metaverse homes.

Metaverse is the hottest topic today, ever present in every conversation about technology and the future–and rightfully so. Since the 1980s, technologists have been dreaming of a time when everyone could access and inhabit the virtual world. It is now and everyone wants to be part. The United Arab Emirates appears to have been the frontrunner in this race to grab the largest slice of metaverse.

Below are the most recent metaverse developments at Dubai

  • Damac Group enters the metaverse, $100 million invested: Damac Group is a UAE-based business conglomerate that has entered the metaverse in order to establish its digital cities. “Over the past two years we have been aggressively driving our digitisation efforts, and this new initiative into the metaverse will only further leverage our digital footprint,” remarked CEO Ali Sajwani.
  • Dubai property brokerage to sell metaverse mansions. Union Square House, a Dubai-based realty brokerage is set to open the nation’s first Metaverse mansions. Founder Gaurav Aidasani said, “Our foray into the metaverse stems from our strong belief in a prevalent virtual world that is set to transform many sectors, on top of which is real estate.”
  • Metaverse solutions provider Bedu opens its Dubai operations: Bedu has opened operations in Dubai, where it is the Web3 technologies provider and solutions provider. Bedu will be bringing expertise and investments from all over the globe to Dubai to help accelerate Web3, NFT, and metaverse activities within the country.
  • A ‘Meta Ramadan Majlis’ in metaverse: Just last week, a Meta Ramadan Majlis (traditional gathering) gathered in the metaverse. The Meta Majlis was co-created by Chikara Global, a women’s group and Biennale.io, a community-curated digital ecosystem.
  • Dubai Municipality announces a futuristic Metaverse city: Dubai Municipality said earlier in January that it would collaborate with investors and companies from the private sector to develop a human-centered futuristic version of the city. This will take advantage of opportunities presented by the Metaverse.
  • UAE appears to be the leader in the metaverse race. But the rest of the world isn’t far behind; new developments in the metaverse sphere seem to be sprouting up by the hour.

    Continue reading on CoinQuora